Abstract
Regulation matters! It organizes markets and societies and is therefore a cornerstone of freedom and welfare. But regulation may also cause problems, unnecessary burdens, unintended side-effects and costs. The aim of this chapter is to give evidence that – and how – regulatory systems can be built to become more effective than most of them are today. With a heuristic approach, this chapter is looking for successful measures and trying to identify patterns.
Based on three principles, (i) a robust, responsible and flexible architecture, (ii) the necessary perspective of the beholder (here: business) and (iii) a target-oriented strategy, a regulatory system should be built on evidence-based solutions, acceptance within the businesses by consultation, the monitoring and steering of the regulatory process, independent scrutiny and legitimacy and a political program to make the cross cutting issue powerful.
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Notes
- 1.
Radelli, Claudio M.; De Francesco, Fabrizio: Regulatory quality in Europe. Concepts, measures and policy processes. Manchester, New York, 2007.
- 2.
Commission of the European Communities 2008, COM(2008) 32 final.
- 3.
- 4.
BERR: The Department for Business, Enterprise & Regulatory Reform. www.berr.gov.uk
- 5.
It would be interesting to draw a comparison between different approaches to regulatory monitoring, the approaches to centralised oversight and quality control., and the strength and weaknesses of different systems.
References
Jacobzone, S., C. Choi, and C. Miguet: Indicators of Regulatory Management Systems – OECD Working Paper, September 2007.
Radelli, C. M., De Francesco, Fabrizio: Regulatory quality in Europe. Concepts, Measures and Policy Processes. Manchester, New York, 2007.
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Frick, F. (2009). How to Build Regulatory Reform and Regulatory Systems. In: Nijsen, A., Hudson, J., Müller, C., Paridon, K., Thurik, R. (eds) Business Regulation and Public Policy. International Studies in Entrepreneurship, vol 20. Springer, New York, NY. https://doi.org/10.1007/978-0-387-77678-1_14
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DOI: https://doi.org/10.1007/978-0-387-77678-1_14
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